Despite a relative slowdown in the country´s economic growth, China´s luxury price index saw the fastest rise in five years outpacing the CPI, show the latest report by the Hurun Institute, according to the Shanghai Daily. Luxury property, health and education are the driving forces, says Rupert Hoogewerf, Hurun Chairman.
Category Archives: billionaires
China´s rich make more money than ever, but charity is not keeping pace with that growth, shows the latest Hurun Philanthropy Report. Some “are leaders of the new pack, and it’s still early days,” says Rupert Hoogewerf, founder and chairman of the Hurun Institute to Barron´s.
The Hurun China rich list published its annual list of people giving to charities. Not only grew the amount of gifts year-on-year in 2016 50%, the givers organize their charity more professional and are better aware of its effects, tells Hurun Chairman Rupert Hoogewerf in the Luxury Daily.
Why is retail giant Suning going for one of Europe´s largest soccer clubs, while other Chinese tycoons went for the smaller fish? It is part of the firm´s global strategy, expending into Europe, says Rupert Hoogewerf, founder of the Hurun China rich list in the International Business Times.
This year the Chinese outnumbered the American billionaires, but by 2020 they will replace the top spots at the global rich list, says China Rich List founder Rupert Hoogewerf in the People´s Daily. Hoogewerf predicts Jack Ma, founder and CEO of China’s E-commerce giant Alibabagroup will overtake Wang Jianlin, the property tycoon, as the wealthiest person on the Chinese mainland.
While China counts 1,420 people who can afford up to 1,750 business jets with a value of US$52 billion only 32 have done so, according to China Business Aviation Special Report 2016 jointly released by Hurun Report and Minsheng Financial Leasing. But there is a huge market to win, says Hurun founder Rupert Hoogewerf, in different Chinese media.
The Chinese insurer Anbang got quite some attention with efforts to purchase the Waldorf Astoria (US$1.9 billion), Blackstone (US$6.5 billion) and Starwood (US$14 billion). Worries that Anbang cannot meet its obligations are overblown, tells business analyst Shaun Rein to the BBC.
To understand China, you have to understand the wealthy in the country, says Hurun Rich List founder Rupert Hoogewerf in the China Daily. By analyzing their lives, Hoogewerf hopes to add to transparency, he says.
China´s campaign against corruption is no longer limited to state-owned companies and organizations, but increasingly turns against private companies too. A logical development, tells China rich list founder Rupert Hoogewerf in the Financial Times in an article about Fosun founder Guo Guangchang.